The ministry planned to sell RON650 million of paper at Thursday’s auction. Banks offered RON1.4 billion, central bank data showed.
At the previous similar auction April 19, the ministry sold RON625 million in five-year paper at an annual yield of 6.14%.
The ministry plans to sell debt worth RON3.8 billion in May, down from RON4.9 billion sold a month earlier.
So far in 2012, Romania sold roughly RON34.1 billion in leu-denominated state notes and $2.25 billion in 10-year US dollar-denominated bonds. (EUR1=RON4.4435)